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EURUSD

For one more week the EURUSD was under selling pressure, despite the fact that the US NFP data came in lower for this month as well though the figures were revised higher for the last month. EURUSD hit the weekly low at 1.1910, it started the week from around 1.21 area. The Euro has been in a bearish mood since mid-April, and this week broke below the important 200 day MA just to turn the longer momentum also to bearish.
First support for the EURUSD is the Friday’s low at 1.1910 then at 1.1817 a…
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GBPUSD targeting 1.40

GBPUSD absorbed the profit taking earlier today at 1.3920 area and steady bids drove the price up to the daily highs at 1.3980, as the bullish trend is still intact and every pullback is a buying opportunity, bulls now targeting 1.40 as there are no any resistance , i expect the sellers to attempt to enter short positions at 1.4020.
Keep calm and trade responsibly......
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EURUSD

EURUSD made the correction that i was waiting for today and went back to 1.22, which proved a support line, and attracted some buyers that have missed the recent rally. As the bullish momentum is still intact bids drive the price up to 1.2230 and now is trying to regain the 50h MA at 1.2240, which will add more buyers to the game.
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USDCAD

USDCAD is holding near the 2 month high, the pair has gained more than 200 pips lthe last week. Traders expect no change in rates from Bank of Canada. The pair has touched the 100 day moving average which is a strong resistance level, and the volume does not support a break above that level. i expect USDCAD to test the lows at 1.26 as some profit taking is the most possible scenario.
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EURGBP

EURGBP got a hit on the chin today after the rumors that EU may offer a two year transition period to the UK. The pair broke below the 100h MA and sellers are in full control i expect the price to go down to 0.88.
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AUDUSD bearish momentum

AUDUSD is under heavy selling pressure the last two weeks that turn the momentum to bearish in the short term as well as for the long term. The price today broke below the 100 day Moving average, and sellers are in full control, and can drive the price down to 0.76 where is the next support.
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GBPUSD ready for the rebound

GBPUSD is under heavy selling pressure the last six trading days and now have reached oversold level. I expect a rebound from current levels as the price approaches the 100 MA which can be a strong support and rebound level. USD is outperforming the last week the majors as traders betting for one more rate increase by December. The rebound can drive GBPUSD above 1.3350 at the point that the correction started.
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EURUSD

EURUSD is trading higher for third day after it managed to find support at 1.1695. The pair has broken above the 50h MA today and reached the 100h MA at 1.1738. EUR was very strong today against USD despite strong NFP data. For now next resistance is at 1.1830, support could be found at 1.1695 (low Oct 3) and 1.1662 (low Aug 17). I am watching short term action closely as the bullish momentum on the daily chart is still intact, but I believe reading the short term signals suggest for a move to 1…
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USDJPY

USDJPY is trading in narrow 105 pip trading range for the last week. The price is trading below the 100h MA and finds support at 112.45, the 200h MA. The biggest driver is the Fed rates decision in December and also Donald’s Trump tax reform which supports the US Dollar. First resistance is 113.26 and then 113.82. A break below 112.45 will be bearish and can drive the price down to 111.75.
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GBPUSD

GBPUSD made an impressive rally today with over 100 pips gain after better inflation numbers, the pair hit the daily high at 1.3287 making new highs back from September 2016, so the bulls are in full control and an attempt to reach 1.33 mark looks the most posible scenario. Stay long
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